What Are The Benefits Of Lean Six Sigma Implemented By 3M?

Lean Six Sigma (LSS) is considered to be the foundation of 3M (NYSE:MMM) and has helped fuel business success. Since its inception in 2001, LSS has generated over $16B of benefit to the company. This has been done through the accomplishment of 100,000 projects and the training of over 75,000 employees. It is now fairly entrenched in the company, with 95% deployment at the company’s plants completed. 3M is now targeting its implementation in other areas, such as front-office service operations and back-office processing centers.

The impact of LSS continues to grow, despite the company celebrating 15 years of its implementation. While in 2005, the average project yielded ~$300,000 of benefit, the value increased to $450,000 by 2010. Currently, an average LSS project results in over $0.5M in benefit.

Have more questions on 3M? Have a look at these links below:

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